AsiaContracts and Tenders

China’s COSCO Shipping inks LNG tank deal with GTT

By LNG Prime Staff
China's COSCO Shipping inks LNG tank deal with GTT
Image: GTT

French LNG containment giant GTT said it has signed a technical assistance and license agreement with a unit of China’s COSCO Shipping.

This deal enables COSCO Shipping Qingdao to offer solutions using GTT’s membrane containment systems for the construction of several types of LNG storage for both marine and onshore applications, the Paris-based firm said in a statement.

COSCO Shipping Qingdao obtained its license from GTT after the firm had completed a qualification process that began in June 2019, including the construction of a GST technology mock-up.

“This agreement represents a further step forward in the deployment of GTT technologies in China, making COSCO Shipping Qingdao the second Chinese licensed GTT outfitter,” the firm said.

In addition, COSCO Shipping Qingdao is currently investing in a large-scale mock-up, training center as well a set of equipment for the installation and welding of GTT’s membrane technology, it said.

Most Popular

Vessels

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.
LNG Terminals

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.
LNG Terminals

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Vessels

Hudong-Zhonghua gets approvals for new three-tank LNG carrier

Chinese shipbuilder Hudong-Zhonghua has received approvals from classification societies for a new three-tank LNG carrier design.
Vessels

Yangzijiang nears completion of its first LNG carrier

Chinese private shipyard Yangzijiang Shipbuilding is nearing the completion of its first 175,000-cbm liquefied natural gas (LNG) carrier. The shipbuilder aims to resell this and its sister LNG carrier.
Vessels

Cosco, PetroChina to take delivery of new LNG carrier

China's Cosco Shipping Energy Transportation and PetroChina will soon take delivery of a new liquefied natural gas (LNG) carrier.
Contracts and Tenders

GTT to buy Danelec

French LNG containment giant GTT will spend 194 million euros ($219.6 million) to buy Danelec, a Danish provider of digital solutions.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA